The Global Economy

By A. Slater. Global Marketing, 2012

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In the second half of 2014, however, the global economy received a considerable boost from a sharp and largely unexpected collapse in world oil prices. By early 2015, Brent Crude prices were over 50% lower than their peak levels of July 2014 at less than US$50 per barrel. This slump can be traced to both demandand supply-side factors, but with a sufficient contribution of the latter to make it an overall positive development for the world economy. With Saudi Arabia now emphasising market share goals, supply is

Subfields: Finance, Strategy and Management

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